The Part-time LauberCFO
Since 1986 LauberCFOs has provided The CFO Advantage® to over 300 businesses that did not need or could not afford a full time experienced Chief Financial Officer on staff. LauberCFOs provides seasoned financial management experts on a flexible part-time basis – a day or two a week, once a month, or as often as needed – for as long as you see value.
A LauberCFO brings financial leadership and works hands-on to move your business forward, financially and organizationally. A LauberCFO will unburden you as the business owner, enabling you to focus where you are most valuable to your business.
While the role of a Part-time CFO varies from company to company,
there are some things you can expect from your Part-time LauberCFO:
- A long-term strategic viewpoint that keeps the business on track
- A knowledgeable professional willing to ask the tough questions
- Timely reporting of financial results leading to proactive responses
- A focus on managing your critical cash-flow position
- Credibility with lenders resulting in improved relationships
- An experienced eye looking for cost savings and profit improvements
- The power of benchmarking your results against other businesses
- A mentor with definitive answers for accounting staff
- Access to LauberCFOs broad network of proven resources
In Larger Companies:
Over the years we have had many engagements in businesses where you would expect to find an experienced full-time CFO. In these businesses, real long term tangible value can be gained from:
- A LauberCFO mentoring a Controller or less experienced CFO in situations where management desires to provide an opportunity to a rising star, but at the same time needs to ensure that nothing slips through the cracks during the transition.
- A LauberCFO coaching a family member who needs to gain the experience and strategic financial perspective which will enable them to take over the CFO role for the long term.
- A LauberCFO bridging experience gaps arising from unique circumstances like explosive growth, acquisitions, systems integrations, downsizings, etc.
- A LauberCFO providing specific upper-level financial management skills in organizations where members of a broad management team assume some of the duties that would normally be handled by a Full-time CFO.
In Smaller Companies:
LauberCFOs provides an experienced financial person to roll up their sleeves and participate as part of a company’s management team, on site, one day or more per week on an ongoing basis.
- In addition to the entrepreneurial owner, the typical day-a-week client will have a bookkeeper but not a degreed accountant. The role of the Part-time LauberCFO is both hands on and advisory. The dual role is a differentiation of LauberCFOs.
- A Part-time LauberCFO is a relationship driven service. A major value comes from the interaction between the owner and the LauberCFO. This value is enhanced by the LauberCFO’s involvement in, and understanding of, the day to day workings of the business.
- The Part-time LauberCFO is normally responsible for financial statements, meaningful budgets, financial models, cash flow projections, cost analysis, banking relationship, risk management, and supervision of the bookkeeper. In some cases human resources and information systems are included in the LauberCFO’s responsibility. Additionally a Chief Financial Officer serves as an informed sounding board for the owner.
- Most clients engage their Part-time LauberCFO in addition to an outside accounting firm. The independent firm continues to provide tax services and certified statements if required by lenders or other third parties.
For a more detail look please see:
The Value Added by an Experienced LauberCFO